Global Debt Registry Adds Online Lender Avant To Verification Network

Mar 13 2017 | 6:06pm ET

Loan data specialist Global Debt Registry (GDR) has announced the addition of leading online consumer lending platform Avant to its verification network. 

With the addition, investors in loans through Avant have turnkey access to enhanced loan due diligence services, and can add data insights onto portfolios of loans without having to touch sensitive personally identifiable information about borrowers, the company said in a statement. 

“GDR’s innovative technology is focused on providing risk infrastructure to help the online lending industry grow by giving investors increased confidence,” said Kevin Friedrich, senior director of treasury for Avant, in the statement. “We are delighted to partner with GDR to provide our investors with this independent loan data integrity service and help drive new transparency for the lending industry."

“We are thrilled to include Avant in our verification partner network,” said Charlie Moore, president of GDR. “Avant’s continued commitment to transparency as a leader in the industry goes hand-in-hand with our goal to provide investors with greater confidence in their online lending assets.”

Delaware-based GDR utilizes cutting-edge technology to provide independent asset certainty and validation services across entire portfolios of loans in real time. The company’s asset certainty tools require no technology investment, using existing data structures and processes to streamline the flow of information from the lender to the investor. The company was the subject of a FINtech Focus article on FINalternatives last year. 

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